NGAM Advisors L.P. decreased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 56.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,138 shares of the company’s stock after selling 129,814 shares during the period. NGAM Advisors L.P. owned approximately 0.08% of Hasbro worth $11,055,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Acrospire Investment Management LLC increased its stake in shares of Hasbro by 11.1% in the first quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $100,000 after buying an additional 100 shares during the last quarter. Oakworth Capital Inc. increased its stake in shares of Hasbro by 291.0% in the first quarter. Oakworth Capital Inc. now owns 1,126 shares of the company’s stock valued at $113,000 after buying an additional 838 shares during the last quarter. YorkBridge Wealth Partners LLC increased its stake in shares of Hasbro by 337.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,132 shares of the company’s stock valued at $113,000 after buying an additional 873 shares during the last quarter. TrimTabs Asset Management LLC acquired a new stake in shares of Hasbro during the first quarter valued at $119,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Hasbro during the first quarter valued at $131,000. Hedge funds and other institutional investors own 78.23% of the company’s stock.
Shares of Hasbro, Inc. (NASDAQ HAS) traded down 0.28% during trading on Friday, reaching $97.55. 1,515,537 shares of the company traded hands. Hasbro, Inc. has a 12-month low of $76.14 and a 12-month high of $116.20. The firm’s 50 day moving average is $108.56 and its 200-day moving average is $101.46. The stock has a market capitalization of $12.20 billion, a P/E ratio of 21.13 and a beta of 0.90.
Hasbro (NASDAQ:HAS) last issued its earnings results on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.07. The firm had revenue of $972.51 million for the quarter, compared to the consensus estimate of $974.19 million. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. On average, equities research analysts anticipate that Hasbro, Inc. will post $5.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a $0.57 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $2.28 annualized dividend and a dividend yield of 2.34%. Hasbro’s dividend payout ratio is presently 49.35%.
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A number of brokerages have commented on HAS. BidaskClub upgraded Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Zacks Investment Research downgraded Hasbro from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Stifel Nicolaus restated a “hold” rating and set a $107.00 target price (up previously from $100.00) on shares of Hasbro in a research report on Thursday, July 13th. DA Davidson reissued a “buy” rating and issued a $121.00 target price (up from $118.00) on shares of Hasbro in a research note on Saturday, July 22nd. Finally, Jefferies Group LLC restated a “buy” rating and issued a $125.00 price target on shares of Hasbro in a research report on Friday, July 21st. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $106.69.
In other Hasbro news, Director Alan G. Hassenfeld sold 280,906 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $105.68, for a total value of $29,686,146.08. Following the transaction, the director now directly owns 29,140 shares in the company, valued at $3,079,515.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan G. Hassenfeld sold 152,341 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $100.50, for a total transaction of $15,310,270.50. Following the completion of the sale, the director now directly owns 29,140 shares of the company’s stock, valued at $2,928,570. The disclosure for this sale can be found here. In the last quarter, insiders sold 967,258 shares of company stock worth $101,532,888. Insiders own 11.00% of the company’s stock.
Hasbro Company Profile
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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